Inceptus Capital Ltd. — M&A Activity 2021

Jan 12, 2021

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES

INCEPTUS CAPITAL LTD.

FOR IMMEDIATE RELEASE

TSX-V: ICI.P

INCEPTUS CAPITAL LTD. ANNOUNCES TERMINATION OF ALPHA K-9 TECHNOLOGIES AMALGAMATION AGREEMENT

Vancouver, British Columbia – January 12, 2021 – Inceptus Capital Ltd. (“Inceptus Capital” or the “Company”) announces that the Amalgamation Agreement between the Company and Alpha K-9 Technologies Inc. previously announced in the Company’s news release of August 28, 2020 has been terminated. The two companies mutually agreed that the present public markets are not conducive to financing opportunities. The Company will review other opportunities to serve as its Qualifying Transaction under the policies of the TSX Venture Exchange.

For additional information, please contact:

Peter Chen, President, Chief Executive Officer, and Director Telephone: (604) 370-3796 Email: peterchen@proterragroup.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.